Property Details for MLS® # 45302174
Property for Sale
Property For Sale In Sturgeon
- MLS®#: 45302174
- Price: $1,800,000
Retail Shopping Centre: Fully occupied by 5 tenants--Food Store, Gibbons Liquor Loft, Prime Pizza and Donair, Pit Stop Pub, and Lee's Restaurant. Built-in Growth: Long-term leases in place featuring built-in rental escalations (e.g., Food Store increases to $11.00/SF; Prime Pizza has scheduled step-ups in Years 3 and 5). Bonus: Two Businesses with extra income:Pit Stop Pub: Beyond standard property rental income, the asset includes the operations of the owner-operated Pit Stop Pub: Robust VLT Income: Delivers $7,500+/month in gaming commissions ($90.4k in FY25)Liquor Loft: also owned by the plaza owner. It delivers $914k 3-yr avg gross sales ($147k avg margin), plus massive upside by cutting $178k+ in hired staff overhead.
Contact Office Admin About MLS® 45302174
Office Admin, 1-780-939-1111 at RE/MAX Real Estate, 102-4245 97 Street, Edmonton, Alberta, T6E 5Y7
property information
- MLS®#: 45302174
Community Information
- City: Sturgeon
- Postal Code: T0A 1N0
